Aluminium Cans Market Size, Share, and Trends 2024 to 2034

Aluminium Cans Market Size and Forecast 2024 to 2034

The global aluminium cans market size is estimated at USD 58.25 billion in 2024 and is anticipated to reach around USD 94.71 billion by 2034, expanding at a CAGR of 4.98% from 2024 to 2034.

Aluminium Cans Market Key Takeaways

• Japan accounted for 23% of the market share in 2023.
• In Europe, the U.K. held 19% of revenue share in 2023.
• Germany has contributed 22% of sales in the Europe aluminum cans market in 2023.
• In 2023, the U.S. held 88% of aluminum cans market share in North America.

U.S. Aluminium Cans Market Size and Growth 2024 to 2034

The U.S. aluminium cans market size is evaluated at USD 15.90 billion in 2024 and is predicted to be worth around USD 26.37 billion by 2034, rising at a CAGR of 5.17% from 2024 to 2034. 

On the basis of geography, North American region accounted 39% market share in 2023. As the demand for processed and packaged foods in this nation has increased the demand for aluminium cans is also expected to grow. The sales of the aluminium cans are also expected to grow in the European region especially in Germany due to its increased use of aluminium cans in the food and beverages industry as well as the chemical industries.

Chemical industry in Germany is growing at a great pace and they shall provide maximum opportunities for the growth of the market in the coming years. Apart from Germany United Kingdom is also expected to have a good amount of market share in the coming years. The demand for canned food has increased in the recent years which has generated a good amount of revenue, and the increase in the consumption of canned food will lead to an increased consumption of aluminium cans. The beverages industry also makes use of aluminium cans in its packaging which will help in the growth of the market in the coming years. Countries like Japan are constantly focusing on recycling the products used in packaging due to which the plastic and glass packaging options will not be used on a large scale in the food and beverages industry.

Market Overview

Aluminium cans are also known as the tin cans. The increased consumption of different types of beverages is expected to be one of the major reasons that will help in the growth of the market during the forecast period. Aluminium cans are offered in different types of capacities and due to which the market is expected to grow well in the coming years.

Aluminium cans are also used for the packaging of food and it is expected to gain more popularity in the coming years. Through the introduction of the aluminium cans that are BPA free which happens to be a packaging that is chemical free the demand for these aluminium cans is expected to grow in the coming years and provide major opportunities for the growth of the market during the forecast period. The demand for different types of canned foods is expected to grow especially in the developed nations across the world due to the introduction of the chemical free option.

Aluminium Cans Market Growth Factors

In the recent years in most of the developing as well as the developed regions the demand for convenient and sustainable packaging for different types of beverages has increased. In order to have packaging solutions that are convenient the demand for aluminium cans has increased. Due to the sustainability policies adopted by various nations across the world the demand for metal packaging has increased and it will continue to grow in the coming years. Recycling of metals is extremely easy and it is environment friendly. These materials can be recycled many times and the recycling process does not hamper the quality of the product and this is expected to be a major factor that will be instrumental in the growth of the market in the coming years. Compared to all other packaging options the demand for aluminium cans is expected to grow as it happens to be an economic option for the packaging of different types of products used in personal care and for different types of foods as well as beverages. Aluminium cans are used on a large scale in the food and beverages industry and it will continue to dominate the market as compared to any other metal packaging available in the market as they are extremely cost effective. Most of the aluminium hence used widely in the food and packaging industry contains about 70% of the recycled form which is the highest as compared to any other type of containers.

• In the coming years there shall be an increased demand for the aluminium cans as they are cost effective and also, they do not harm the environment.
• The sales of the aluminium cans are expected to increase in the coming years as they are strong
• Aluminium cans offer high resistance to corrosion and also, they are light in weight due to which the demand for them is expected to grow in the coming years. 
• Aluminium cans act as the best barriers that prevent the interaction of moisture, light as well as air. Ease of handling is another feature that will help in the growth of the market during the forecast period.

Aluminium Cans Market Scope

Market Dynamics

Market Drivers

• The growth of the beverages industry- During the forecast period a higher growth of the beverages industry is estimated. when it comes to the countries like China, India and Brazil the demand for the beverages is expected to grow. The increased use of aluminium cans in the beverages sector is expected to provide maximum opportunities for the growth of the market in the coming years and it will help in generating a large amount of revenue for the market players.
• Increased preference for cans- Large number of cans used in the packaging of chilled beverages are aluminium cans. Consumers across the globe prefer these types of cans as compared to the plastic bottles. The use of aluminium cans is expected to grow as the consumers find this option more refreshing.
• Convenient for travelers- The demand for aluminium cans is expected to grow across most of the nations as it helps in meeting the demand of the changing lifestyle of the consumers. The availability of various sizes will be a boon for the beverages industry. Hectic lifestyles and busy schedules are some of the reasons why the convenience associated with the aluminium cans will provide opportunity for the growth of the market.

Market Challenges

• Availability of other alternatives- In the food and beverages packaging industry apart from the use of aluminium cans there has been an increase in the usage of paper, plastic as well as glass. In most of the end user industries the other alternatives that are lower in both will be preferred by the manufacturers.
• Fluctuating prices of the raw materials- The pricing of the product depends upon the manufacturing of the product and the changes in the cost of the raw material will change the price of the product which will hamper the growth of the market in the coming years. As the consumer seek cheaper options as compared to the expensive one's manufacturers are constantly engaged on making use of cost-effective products in order to reduce the price of the final product.

Market Opportunities

• Environmental concerns- Increase in the concerns associated with the pollution caused by plastic will lead to an increased use of metals for packaging. As aluminium cans can be easily recycled the demand for aluminium cans is expected to grow in the coming years.
• Growing demand for lightweight and durable options- There shall be an increased demand for the aluminium cans in the coming years as they are lightweight and durable as compared to the steel or the tin cans. They are highly resistant to corrosion and they do not rupture even in high pressure due to carbon dioxide. aluminium cans act as a barrier for various contaminants from the environment.
• Usage in different types of end user industry- Apart from the usage of aluminium cans in the beverages industry, which shall be an increased use of this packaging option in the cosmetics industry, paints industry, aerosol products, food and pharmaceuticals. As the demand for the processed foods and packaged foods has increased across most of the developed nations as well as the developing nations of the world which is mainly due to the changes in the lifestyle, the market is expected to grow in the coming years. There shall be a great demand for different types of processed and packaged foods in the North American region especially for the United States.
• Usage in food packaging- Aluminium cans are used on a large scale in the food packaging industry as it helps in improving the shelf life and the safety of various food products. As the demand for fast food has increased in the recent years there shall be an increased use of aluminium cans in the packaging industry.

Product Insights

On the basis of the product, the 2-piece Segment is expected to dominate the market with a 53% revenue share in 2023. This segment is expected to grow well in the coming years as this type of packaging is used in many different industries. These cans are extremely convenient to use and provide easy opening. They are light in weight due to which they are used in the beverages industry.

The demand for packaged food and beverages that are convenient to carry around has created more demand for aluminium cans of this type in the recent years and it will continue to grow in the coming years.

End User Insights

On the basis of the end user, the beverages segment is expected to have the largest market share in the coming years period this segment has dominated the market in the past with the higher share in terms of revenue. Increased use of aluminium cans in different types of beverages will provide opportunities for the growth of the market. The use of the aluminium cans is also expected to grow in the food industry. Aluminium cans help in improving the shelf life of the products and it also acts as the best barrier for all the contaminants. All of these factors will drive the market growth in the coming years.

Capacity Insights

On the basis of capacity, the 201-450ml segment is expected to have the largest market share in the coming years period it is expected to grow with the highest compound annual growth rate which is expected to be 4.1% in the coming years. This is the most affordable option in the market do to which the segment is expected to grow. About 35% of the total of the aluminium cans used in the market out of the capacity 201-450ml. The 1000 ml capacity segment is also expected to grow well in the coming years due to its increased use in the food industry.

Aluminium Cans Market Companies

• Crown Holdings Inc.
• CCL Industries Inc.
• CPMC Holdings Inc.
• Ball Corporation
• Ardagh Group S.A.
• Silgan Containers LLC
• Toyo Seikan Co., Ltd.
• Nampak Ltd.

Key Market Developments

• In the year 2019, for the United States PepsiCo announced replacing the plastic bottles with a better alternative of aluminium cans for Aquafina.

Segments covered in the report

By Product

• 1 Piece cans
• 2 Piece cans
• 3 Piece cans

By Type

• Slim
• Sleek
• Standard

By Capacity

• Up to 200 ml
• 201 to 450 ml
• 451 to 700 ml
• 701 to 1000 ml
• more than 1000 ml

By End User

• Food
• Fruits & Vegetables
• Ready-to-eat
• Meat, Poultry, & Seafood
• Pet Food
• Bakery & Confectionery
• Others
• Beverages
• Alcoholic
• Non-alcoholic
• Pharmaceutical
• Personal Care and Cosmetics
• Paints and Lubricants

 By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)